Lockheed Martin Corporation $LMT Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,850 shares of the aerospace company’s stock after purchasing an additional 223 shares during the period. Wealthfront Advisers LLC’s holdings in Lockheed Martin were worth $11,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $28,000. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter worth $31,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth $34,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. lifted its stake in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on LMT. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. TD Cowen reiterated a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Vertical Research reaffirmed a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Down 0.5%

Lockheed Martin stock opened at $485.59 on Monday. The company has a 50-day simple moving average of $477.51 and a 200-day simple moving average of $466.57. The firm has a market capitalization of $112.37 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.69 and a beta of 0.28. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $576.43.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the prior year, the company posted $6.84 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 73.70%.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.